The US May ISM Manufacturing PMI further declined into contraction territory, with orders falling, production weak, and the price index exceeding expectations but still the second highest in two years.
The PMI was 48.7, the lowest in three months, missing expectations and down from April’s 49.2.
This data indicates that US manufacturing is struggling to gain momentum, with producers facing rising input costs.
The US May Markit Manufactur...

Consumer sentiment weakened to the lowest in about six months amid persistent worries over sticky inflation, unemployment and interest rates.
The University of Michigan index for consumer sentiment fell 13% to 67.4 in May, from 77.2 a month earlier, according to preliminary results. That missed the average estimate of 76 expected on Wall Street.
Inflation expectations for the year ahead rose to 3.5% from 3.2% a month earlie...

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